Now Reading: Skyquad Electronics gets ECMS approval for CCTV manufacturing
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Skyquad Electronics gets ECMS approval for CCTV manufacturing
Hyderabad-based Skyquad Electronics & Appliances has received government approval under the electronics component manufacturing scheme (ECMS) to manufacture CCTV cameras. The clearance, handed over by Union minister Ashwini Vaishnaw in New Delhi,…
Hyderabad-based Skyquad Electronics & Appliances has received government approval under the electronics component manufacturing scheme (ECMS) to manufacture CCTV cameras. The clearance, handed over by Union minister Ashwini Vaishnaw in New Delhi, supports the production-linked incentives initiative to boost domestic electronics manufacturing.
The company, a joint venture between LCGC Resolute Group and a Taiwanese partner, will invest Rs 740 crore over five years in the facility. It will include a dedicated R&D centre, camera module sub-assembly, and SMT and front-of-line and end-of-line operations. The project aims to substitute imports and integrate deeper into India's electronics value chain.
Skyquad chairman Raminder Singh Soin called the approval an important milestone for the company and India's goal of becoming a global electronics manufacturing hub. The facility marks the group's expansion into the security and surveillance electronics segment.
Indian Opinion Analysis
The ECMS approval is part of a broader push to reduce India's dependence on imported electronic components, which account for a large share of the country's trade deficit. CCTV cameras, widely used in smart city projects and private security, are currently dominated by Chinese imports. A domestic facility with R&D capability could help Indian firms capture a slice of this market. The Rs 740 crore investment, while modest by global standards, signals growing confidence in India's electronics ecosystem. Watch for production timelines and whether the company can meet the local value-addition thresholds required under the scheme.
Source: timesofindia.indiatimes.com
This story was synthesised by AI from the source linked above.
